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Data from Statistics Canada. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Median CPI YoY climbed to 2.0% in July 2026
Statistics CanadaMonthlyReleased August 2026
Canada Median CPI YoY climbed to 2.0% in July 2026, released August 2026, up 0.1% from June's 1.9% reading. The print came in hotter than the 1.9% consensus, a hotter print than forecasters anticipated. The print is running well above the 12-month average of 1.9%.
Latest Release
2
Actual
1.9
Consensus
1.9
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
| USD/JPY | ▲ Direct | +0.30 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Median CPI YoY (Canada) was reported at 2% in August 2026. This beat the market consensus of 1.9% by 0.1%. The reading rose from the previous value of 1.9%. Trailing 12-month context per ETL data through August 2026.
WHAT TO WATCH NEXT
The next release is scheduled for September 14, 2026. Same-country events in the next 14 days include Inflation Rate MoM (Sep 14) and Inflation Rate YoY (Sep 14).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Median CPI YoY - CA
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About Median CPI YoY — Canada
DEFINITION
Canada's Median CPI YoY rose to 2.000000% in August, beating the 1.900000% estimate and up from July's 1.900000%. This increase signals a pickup in inflation pressures compared to the previous month. Market participants will closely watch upcoming Bank of Canada communications for potential policy adjustments. Updated 8/17/26
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 2 %, consensus 1.9 %. Prior reading (Jun 2026): 1.9 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. Current dynamics are the primary headwind in the projection.
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Economic Calendar - CA Events
| Monday, September 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | CA | Core Inflation Rate MoM | 0.2 | 0.1 | 0.10 | Low | |
| 12:30 | CA | Common CPI YoY | 2.7 | 2.7 | 2.70 | Low | |
| 12:30 | CA | Median CPI YoY | 2 | 2 | 2.00 | Low | |
| 12:30 | CA | Inflation Rate MoM | 0.5 | 0.3 | 0.30 | Medium | |
| 12:30 | CA | Trimmed CPI YoY | 1.9 | 1.9 | 1.90 | Low | |
| 12:30 | CA | Capacity Utilization | 82.3 | 82.4 | 82.40 | Low | |
| 12:30 | CA | Inflation Rate YoY | 3 | 3 | 3.00 | High | |
| 12:30 | CA | Core Inflation Rate YoY | 2.3 | 2.3 | 2.30 | Medium | |
| 12:30 | CA | Manufacturing Sales MoM | -0.2 | 0.1 | -0.2 | -0.27 | Low |